The heightened push on Capitol Hill comes as the industry grapples with steep, unexpected losses: Car sales were down about 40 percent just last week, according to J.D. Bozzella said the organization is “looking at whether demand stimulus is necessary given the prolonged shock to automotive demand,” though he said exactly what it entails “is still an open question." For the auto industry, which employs more than 10 million workers in a wide array of fields, the economic challenges wrought by the coronavirus have proved immediate and immense. “Members of Congress are going to be focused on the drivers of their regional economy,” said Democratic Rep. Haley Stevens. She said an early focus is on ways to “address the drop in sales, and what that means for future legislative action.”ADADMore than a decade ago, Stevens had a front-row seat to the last collapse facing the auto industry.
Source: Washington Post May 06, 2020 11:00 UTC